Walmart or Merrick? Which would you go for?

Anonymous · ‎02-18-2015

I pretty much had decided I would apply for Walmart store card because they pull TU and my 659 score with no recent derogs would get me at least a $800 limit. I need to pad my utilization. In addition the pull wouldn't mess with my 670 EQ score because I want to app for Discover as soon as my recent CC pay down reports.

Well now Merrick enters the picture. I will not app for Walmart and Merrick. I'm considering Merrick because they too pull TU and won't mess with my EQ score. They sent me a pre-approval for $800 limit that doubles in 7 months to $1600. I don't think Walmart will be that good with increases. Merrick is no set up fee, no penalty fees, no over limit fees, free FICO score. I know Walmart gives a free FICO too. Merrick is 25% APR. I don't know Walmart's APR. I'm a rebuilder with no limit higher than $1000. Which should I apply for?

northface28 · ‎02-18-2015

Is neither an option?

Anonymous · ‎02-18-2015

@northface28 wrote:
Is neither an option?

Yes it is. However, my utilization always jumps because I have too few cards and they all have baby limits. I'm thinking about the future when I need to pay off something over several months. To keep from driving up my utilization I need increased limits.

Anonymous · ‎02-18-2015

How about barclay rewards card? That is rebuilder card, ans they pull TU

Anonymous · ‎02-18-2015

@Anonymous wrote:
How about barclay rewards card? That is rebuilder card, ans they pull TU

I already have the usual line up of rebuilders: Barclay, Capital One(2x), my credit union, and a gas card.

northface28 · ‎02-18-2015

@Anonymous wrote:
@Anonymous wrote:
How about barclay rewards card? That is rebuilder card, ans they pull TU
I already have the usual line up of rebuilders: Barclay, Capital One(2x), my credit union, and a gas card.

Can you get increases on those cards?

Anonymous · ‎02-18-2015

@Anonymous wrote:
I pretty much had decided I would apply for Walmart store card because they pull TU and my 659 score with no recent derogs would get me at least a $800 limit. I need to pad my utilization. In addition the pull wouldn't mess with my 670 EQ score because I want to app for Discover as soon as my recent CC pay down reports.

Well now Merrick enters the picture. I will not app for Walmart and Merrick. I'm considering Merrick because they too pull TU and won't mess with my EQ score. They sent me a pre-approval for $800 limit that doubles in 7 months to $1600. I don't think Walmart will be that good with increases. Merrick is no set up fee, no penalty fees, no over limit fees, free FICO score. I know Walmart gives a free FICO too. Merrick is 25% APR. I don't know Walmart's APR. I'm a rebuilder with no limit higher than $1000. Which should I apply for?

Is this the Merrick without the AF or with the AF? Does the Walmart card have an AF? If the Merrick is the no AF version, that would be my choice. I have it. Started at $1250 and, as promised, doubled to $2500 at 7 months. A couple notes. The Walmart card Fico is classic 08. The Merrick Fico is Bankcard Enhanced 08.

Anonymous · ‎02-18-2015

Try listing all the cards you have, which cards and which company they're from. Then I'm sure people can come up with batter suggestions than Walmart and merrick banks.
Don't apply for crards for sake of obtaining higher overall credit limit because you might regret later, as I've seen people do that quite often on forum.

Anonymous · ‎02-18-2015

@Anonymous wrote:
@Anonymous wrote:
I pretty much had decided I would apply for Walmart store card because they pull TU and my 659 score with no recent derogs would get me at least a $800 limit. I need to pad my utilization. In addition the pull wouldn't mess with my 670 EQ score because I want to app for Discover as soon as my recent CC pay down reports.

Well now Merrick enters the picture. I will not app for Walmart and Merrick. I'm considering Merrick because they too pull TU and won't mess with my EQ score. They sent me a pre-approval for $800 limit that doubles in 7 months to $1600. I don't think Walmart will be that good with increases. Merrick is no set up fee, no penalty fees, no over limit fees, free FICO score. I know Walmart gives a free FICO too. Merrick is 25% APR. I don't know Walmart's APR. I'm a rebuilder with no limit higher than $1000. Which should I apply for?
Is this the Merrick without the AF or with the AF? Does the Walmart card have an AF? If the Merrick is the no AF version, that would be my choice. I have it. Started at $1250 and, as promised, doubled to $2500 at 7 months. A couple notes. The Walmart card Fico is classic 08. The Merrick Fico is Bankcard Enhanced 08.

Yes it's the Merrick with no AF. It's not the secured version. I checked Walmart's site and its APR is 23% and no AF. I wonder how the CLI are obtained and how often.

Anonymous · ‎02-18-2015

@Anonymous wrote:
Try listing all the cards you have, which cards and which company they're from. Then I'm sure people can come up with batter suggestions than Walmart and merrick banks.
Don't apply for crards for sake of obtaining higher overall credit limit because you might regret later, as I've seen people do that quite often on forum.

I'm a rebuilder and I don't have a lot of choices with the potential to give me more than baby limits. I'll be stuck in baby limit land until my reports are clean.